Oil N' Gold - Resources for Serious Traders
Oil N' Gold Focus Reports
Equities Lifted by Trump's Loose Fiscal Plans Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Dec 21 16 01:24 ET
Despite thin trading volume, market sentiment was buoyed by US President-elect Donald Trump's fiscal policy. He announced Tuesday the plan to create an infrastructure "task force" for implementing a top level spending program. Meanwhile, the proposed "border adjustment tax" is expected to boost inflation.
Read more...
 
Yellen Affirmed Buoyant Employment Market Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Dec 20 16 00:51 ET
Financial markets traded in thin volumes ahead of Christmas holidays. Wall Street climbed higher with both DJIA and S&P 500 indices adding +0.2%. The broad European Stoxx 600 index slipped -0.12%. US dollar remained firm with the USD index (DXY) staying around the highest level in 13 years. Treasury gained with yields lowered as safe haven demand increased.
Read more...
 
Gold Plunged to Lowest Level in Over 10 Months, might Still Gain in 2016 Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Dec 19 16 01:28 ET
Financial markets consolidate ahead of Christmas holidays, whilst market sentiment diminishes a bit after Richmond Fed president Jeffrey Lacker's hawkish comments. Shares in Asia trade in a modestly soft tone with Hong Kong's Hang Seng Index slipping -0.74% and Japan's Nikkei 225 index down -0.13%.
Read more...
 
Weekly fundamentals - OPEC Members Ramp Up Production ahead of Output Cut Begins Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Dec 18 16 02:04 ET
Although USD gathered momentum and rose further after the FOMC meeting, crude oil prices resumed recent rally with both benchmarks settled above US$50/bbl. The front-month Brent crude contract has sustainably closed at around mid-50 levels over the past 3 weeks.
Read more...
 
Equities Higher after Digesting Expectations of More Rate Hikes Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Dec 16 16 03:05 ET
Investors appeared to have swiftly digested the news of three possible rate hikes next year and sent equities higher. Asian shares held onto gains in the afternoon session. Yet, China continues to curb capital outflows following Fed funds rate hike.
Read more...
 
Crude Oil Plunged as Sentiment Weighed Down by Rate Hike Forecasts Next Year, Rise in Cushing Stockpile Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Thu Dec 15 16 02:02 ET
Market sentiment diminished as the Fed signals three rate hikes in 2017, up from two projected previously. The Fed, as widely expected, increased the policy rate by +25 bps in December. The accompanying statement delivered a more hawkish tone, indicating solid growth in the job market. The latest dot-plot was the most eye-catching...
Read more...
 
Risk Appetite Soars as FOMC Prone to Announce Rate Hike Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Wed Dec 14 16 00:22 ET
Market sentiment was buoyed as the FOMC began its 2-day monetary meeting. A rate hike of +25 bps has been fully priced in. Equities strengthened while bond yields rose. US dollar traded generally against major currencies. European shares jumped to the highest level in 11 months as driven by Italy's banking sector ...
Read more...
 
Market Mixed ahead of FOMC Meeting Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Tue Dec 13 16 00:42 ET
The market is cautiously awaiting the FOMC meeting. Equities were mixed despite rally in oil prices. European shares rose earlier in the day but then reversed gains. Gold-mining shares suffered from the recent decline in gold prices while Italian banks fell amidst ongoing concerns over the country's banking sector.
Read more...
 
Crude Oil Prices Rally on OPEC/Non-OPEC coordination. US Oil Rigs Jumped Most in More than a Year Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Mon Dec 12 16 00:34 ET
Crude oil prices rallied as non-OPEC producers announced over the weekend that they would coordinate with OPEC member in production cut. The front-month WTI contract has gained +2.44% while the Brent contract has been up +2.31% at the time of writing this note, after a modest pullback last week.
Read more...
 
Weekly Fundamentals - Eleven Non-OPEC Producers Reach a Deal to Cut Output Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Sun Dec 11 16 08:54 ET
For the first time since 2001, non-OPEC producers agreed to coordinate with OPEC members to cut oil production. Russia, along with 10 other countries including Mexico, Oman and Azerbaijan over the weekend agreed to lower total output by -0.558M bpd.
Read more...
 
ECB Tapers... Print E-mail
ONG Focus | Insights | Written by Oil N' Gold | Fri Dec 09 16 00:48 ET
ECB's plan to taper indeed caught the market in surprise. Yet, after initial shock, stocks were back in shape and recorded another session of gains on Thursday. The European Stoxx 600 index rose +1.23%.
Read more...
 


JPAGE_CURRENT_OF_TOTAL